[Destroyer]

Originally Posted by RWilson2526

Not a whole lot they can argue on this one but I'm still surprised someone didn't try.

So speaking of inflation it seems interest rates are on the way down as they were increased to a point to cool inflation but not long enough to move us into a recession. They call it a soft landing.

So the mastermind behind this is the fed chair Jerome Powell. Powell was nominated by Trump and renominated by Biden. So who gets the credit?

I'll give you a hint...neither...because the executive branch does not have the ability to move macro-ecomic trends

Hmmm... Lets see..Under Biden/Harris inflation the following have increased:

Gasoline 46.6%
Fuel Oil 59.1%
Natural Gas 28.1%
Used Autos 26.4%
Beef 20%
Pork 14.1%
Bacon 15.4%
Chicken 8.8%
Eggs 11.6%
Milk 4.3%
Apples 6.7%
Coffee 4,7%
Baby Food 7.9%
Electricity 6.5%
The average house went from $300,000 to $400,000 IF you can find the money to buy one. Most banks are not lending without substancial deposits.
The average rent went from $1500 to $2500

Put another way, the average family is now spending over $2.000 a year MORE in day to day expenses than under Trump. So yes, there IS a lot to argue here. Did you get that kind of increase in your paycheck this year? I'm retired and I can tell you I sure as hell didn't.

And yes, interest rates have decreased from the 9% high that Biden caused. The current annual inflation rate in the United States is 2.9%, which is the lowest it's been since March 2021, but is still higher than when Biden and Harris took power. The inflation rate in the United States in 2019 was 1.81%. And in 2020 it was 1.2%, a 0.58% decrease from the 1.81% inflation rate in 2019.

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